Bfsg, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 29, 2025), Bfsg, LLC reported 698 stock positions worth $1.0 billion. Its top holding was VG Morningstar TS MKT ETF-US (VTI) at 3.6% of the portfolio, followed by Nvidia (NVDA, 3.2%) and Microsoft (MSFT, 2.9%). Compared with Q2 2025, it opened 52 new positions, sold out of 23, added to 185 and reduced 214. The biggest buy was iShares Core S&P 500 ETF (IVV, shares +283%) and the biggest sale SS SPDR S&P 500 ETF Trust-US (SPY, shares −46%).
- Most Recent 13F
- Q2 2026
- Location
- IRVINE, CA
- CIK
- 0001706836
- Portfolio Value
- $1.0B (Q3 2025)
- SEC Filing
- 0001706836-25-000007 ↗ filed Oct 29, 2025
Holdings Value
Holdings 698 stocks · $1.0B
| VTI VG Morningstar TS MKT ETF-US | 3.65% | 114,649 | $37.6M | Reduce -0.1% |
| NVDA Nvidia Corp. | 3.20% | 176,703 | $33.0M | Reduce -0.5% |
| MSFT Microsoft Corp. | 2.90% | 57,812 | $29.9M | Add +0.7% |
| IAU iShares Gold Trust | 2.69% | 381,016 | $27.7M | Add +2.2% |
| IVV iShares Core S&P 500 ETF | 2.32% | 35,661 | $23.9M | Add +283.3% |
| NEM Newmont Corp. | 2.28% | 278,562 | $23.5M | Reduce -1.0% |
| AAPL Apple Inc. | 2.11% | 85,491 | $21.8M | Add +0.1% |
| SGOL Abrdn Physical Gold Shares | 1.80% | 503,086 | $18.5M | Reduce -0.7% |
| AVUV Avantis US Small Cap Value | 1.70% | 175,760 | $17.5M | Add +2.2% |
| BND Vanguard Total Bond Market | 1.62% | 224,178 | $16.7M | Add +3.8% |
| RTX RTX Corp. | 1.49% | 92,073 | $15.4M | Reduce -2.3% |
| GLD SPDR Gold Shares | 1.44% | 41,685 | $14.8M | Reduce -0.3% |
| DFEM Dimensional Emrg MRKT Core | 1.30% | 418,908 | $13.4M | Reduce -2.8% |
| GOOG Alphabet Inc. Class C | 1.24% | 52,389 | $12.8M | Reduce -1.9% |
| MRVL Marvell Technology Inc. | 1.20% | 147,133 | $12.4M | Add +37.4% |
| APH Amphenol Corp. Class A | 1.19% | 99,521 | $12.3M | Add +6.8% |
| JPST JPMorgan Ultra-Short Income | 1.12% | 226,834 | $11.5M | Add +7.4% |
| BNDX Vanguard Total Intl Bond ETF | 1.06% | 221,989 | $11.0M | Add +6.5% |
| AMZN Amazon.com Inc. | 1.02% | 47,717 | $10.5M | Add +0.9% |
| CSX CSX Corp. | 0.96% | 278,545 | $9.9M | Reduce -2.1% |
| VDE Vanguard Energy ETF | 0.90% | 73,786 | $9.3M | Reduce -5.9% |
| CHD Church & Dwight Co. Inc. | 0.88% | 103,458 | $9.1M | Reduce -2.7% |
| PLTR Palantir Technologies Inc. Class A | 0.87% | 49,035 | $8.9M | Reduce -1.5% |
| VXUS Vanguard Total Intl Stock | 0.86% | 121,140 | $8.9M | Add +8.1% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.85% | 13,122 | $8.7M | Reduce -46.3% |
| NSC Norfolk Southern Corp. | 0.84% | 28,905 | $8.7M | Reduce -4.4% |
| NI Nisource Inc. | 0.84% | 200,245 | $8.7M | Reduce -1.0% |
| SCHP Schwab U.S. Tips ETF | 0.84% | 319,555 | $8.6M | Add +0.1% |
| COST Costco Wholesale Corp. | 0.81% | 9,002 | $8.3M | Reduce -11.0% |
| SONY Sony Group Corp. - SP ADR | 0.80% | 286,773 | $8.3M | Reduce -0.2% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.80% | 71,927 | $8.2M | Add +49.5% |
| JPM JPMorgan Chase & Co. | 0.79% | 25,951 | $8.2M | Add +2.0% |
| T AT&T Inc. | 0.76% | 277,331 | $7.8M | Reduce -0.8% |
| TSM Taiwan Semiconductor-SP ADR | 0.74% | 27,410 | $7.7M | Add +1.1% |
| TR Tootsie Roll Inds | 0.72% | 176,368 | $7.4M | Reduce -0.0% |
| XOM Exxon Mobil Corp. | 0.71% | 65,202 | $7.4M | Reduce -1.1% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.70% | 49,953 | $7.2M | Reduce -7.3% |
| TTE Totalenergies SE -Spon ADR | 0.69% | 119,069 | $7.1M | Add +0.1% |
| GD General Dynamics Corp. | 0.68% | 20,632 | $7.0M | Reduce -2.3% |
| FBCG Fidelity Blue Chip Grow ETF | 0.67% | 129,351 | $6.9M | Add +1.2% |
| SO The Southern Co. | 0.67% | 72,782 | $6.9M | Add +0.8% |
| NVO Novo-Nordisk A/S-Spons ADR | 0.67% | 123,964 | $6.9M | Add +5.5% |
| CL Colgate-Palmolive Co. | 0.65% | 84,450 | $6.8M | Add +1.0% |
| MA Mastercard Inc. Class A | 0.64% | 11,513 | $6.5M | Add +4.3% |
| AMRZ Amrize Ltd. | 0.63% | 133,924 | $6.5M | Add +103.9% |
| NEE Nextera Energy Inc. | 0.63% | 85,940 | $6.5M | Add +2.1% |
| AXP American Express Co. | 0.62% | 19,329 | $6.4M | Add +2.0% |
| SHV iShares 0-1 Year Treasury Bo | 0.62% | 58,028 | $6.4M | Add +37.0% |
| LVHI Franklin International Low V | 0.61% | 181,090 | $6.3M | Add +16.2% |
| KBR KBR Inc. | 0.58% | 125,737 | $5.9M | Add +0.1% |
| HD Home Depot Inc. | 0.57% | 14,553 | $5.9M | Reduce -2.6% |
| VZ Verizon Communications Inc. | 0.57% | 133,730 | $5.9M | Add +10.6% |
| IQLT iShares MSCI International Q | 0.57% | 132,492 | $5.9M | Add +23.1% |
| WMT Walmart Inc. | 0.56% | 55,637 | $5.7M | Reduce -3.1% |
| VOO Vanguard S&P 500 ETF | 0.56% | 9,354 | $5.7M | Reduce -2.4% |
| EWJ iShares MSCI Japan ETF | 0.55% | 71,111 | $5.7M | New |
| EPD Enterprise Products Partners | 0.55% | 180,554 | $5.6M | Add +2.5% |
| LIN Linde PLC | 0.55% | 11,886 | $5.6M | Reduce -3.5% |
| AJG Arthur J Gallagher & Co. filed as GALLAGHER ARTHUR J & CO | 0.52% | 17,286 | $5.4M | Reduce -1.8% |
| ABBV Abbvie Inc. | 0.52% | 22,941 | $5.3M | Reduce -0.4% |
| BDX Becton Dickinson and Co. | 0.50% | 27,790 | $5.2M | Add +6.6% |
| MWA Mueller Water Products Inc. Class A | 0.49% | 198,535 | $5.1M | Reduce -1.9% |
| TXRH Texas Roadhouse Inc. | 0.48% | 29,798 | $5.0M | Add +111.1% |
| RMD Resmed Inc. | 0.47% | 17,815 | $4.9M | Add +1.5% |
| PFE Pfizer Inc. | 0.47% | 189,880 | $4.8M | Add +2.3% |
| FXI iShares China Large-Cap ETF | 0.47% | 117,069 | $4.8M | New |
| ESLT Elbit Systems Ltd. | 0.46% | 9,345 | $4.8M | Reduce -1.8% |
| WY Weyerhaeuser Co. | 0.46% | 190,384 | $4.7M | Add +3.1% |
| XLK SS Technology Select Sector | 0.46% | 16,663 | $4.7M | Reduce -6.3% |
| JNJ Johnson & Johnson | 0.45% | 25,149 | $4.7M | Reduce -2.8% |
| PAAS Pan American Silver Corp. | 0.45% | 118,848 | $4.6M | Reduce -1.3% |
| MOG.A Moog Inc. Class A | 0.43% | 21,587 | $4.5M | Reduce -1.2% |
| VXF Vanguard Extended Market ETF | 0.43% | 21,177 | $4.4M | Add +2.6% |
| TSLA Tesla Inc. | 0.42% | 9,805 | $4.4M | Reduce -0.4% |
| PANW Palo Alto Networks Inc. | 0.42% | 21,352 | $4.3M | Add +8.3% |
| SCHD Schwab US DVD Equity ETF | 0.42% | 158,575 | $4.3M | Add +6.1% |
| SCHZ Schwab US Aggregate Bond ETF | 0.42% | 184,036 | $4.3M | Reduce -1.8% |
| BSV Vanguard Short-Term Bond ETF | 0.42% | 54,553 | $4.3M | Add +2.6% |
| SYK Stryker Corp. | 0.41% | 11,555 | $4.3M | Add +3.6% |
| DFLV Dim US Large Cap Value ETF | 0.41% | 129,016 | $4.2M | Add +14.1% |
| PCH Potlatchdeltic Corp. | 0.40% | 101,686 | $4.1M | Add +3.0% |
| ROCK Gibraltar Industries Inc. | 0.40% | 65,762 | $4.1M | Add +2.1% |
| NFLX Netflix Inc. | 0.40% | 3,436 | $4.1M | Add +274.3% |
| AMGN Amgen Inc. | 0.40% | 14,594 | $4.1M | Add +6.3% |
| MCD McDonald's Corp. | 0.40% | 13,513 | $4.1M | Add +1.3% |
| VMC Vulcan Materials Co. | 0.40% | 13,244 | $4.1M | Reduce -3.6% |
| CRH CRH PLC | 0.39% | 33,428 | $4.0M | Add +0.2% |
| PRU Prudential Financial Inc. | 0.39% | 38,287 | $4.0M | Add +4.2% |
| PG The Procter & Gamble Co. | 0.38% | 25,274 | $3.9M | Add +0.8% |
| KDP Keurig Dr Pepper Inc. | 0.37% | 149,299 | $3.8M | Add +8.7% |
| ASML ASML Holding NV-NY Reg SHS | 0.36% | 3,853 | $3.7M | Add +13.2% |
| IWM iShares Russell 2000 ETF | 0.36% | 15,357 | $3.7M | Add +1947.6% |
| XLV SS Health Care Select Sector | 0.36% | 26,463 | $3.7M | Reduce -2.4% |
| SLV iShares Silver Trust | 0.35% | 86,231 | $3.7M | Reduce -1.1% |
| O Realty Income Corp. | 0.35% | 59,826 | $3.6M | Add +3.4% |
| IJT iShares S&P Small-Cap 600 GR | 0.35% | 25,161 | $3.6M | Add +8.2% |
| WM Waste Management Inc. | 0.34% | 15,746 | $3.5M | Add +1.1% |
| XMHQ Invesco S&P Midcap Qual ETF | 0.33% | 32,829 | $3.4M | Add +5.1% |
| XLF SS Financial Select Sector | 0.33% | 62,210 | $3.4M | Reduce -0.5% |
| SUSL iShares ESG MSCI USA Leaders | 0.32% | 28,404 | $3.3M | Reduce -0.0% |
Options reported separately and not counted above: AJG puts ($1.6M), NVDA puts ($560K), ISRG puts ($358K), WBD calls ($72K).
Other holdings (2): bonds, preferreds, convertibles and warrants · $959 (not counted above)
Total filed on the 13F, all lines: $1.0B.
Portfolio Sells Q2 2025 → Q3 2025
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -46.3% | 0.85% | −0.84 |
| ACN Accenture PLC Class A | Reduce -53.5% | 0.21% | −0.42 |
| COST Costco Wholesale Corp. | Reduce -11.0% | 0.81% | −0.31 |
| CHD Church & Dwight Co. Inc. | Reduce -2.7% | 0.88% | −0.26 |
| VTI VG Morningstar TS MKT ETF-US | Reduce -0.1% | 3.65% | −0.25 |
| T AT&T Inc. | Reduce -0.8% | 0.76% | −0.15 |
| ISRG Intuitive Surgical Inc. | Reduce -53.1% | 0.07% | −0.15 |
| VDE Vanguard Energy ETF | Reduce -5.9% | 0.90% | −0.14 |
| TMUS T-Mobile US Inc. | Reduce -97.7% | 0.00% | −0.14 |
| DFEM Dimensional Emrg MRKT Core | Reduce -2.8% | 1.30% | −0.13 |
| WAY Waystar Holding Corp. | Sold out | 0.00% | −0.12 |
| NOW ServiceNow Inc. | Reduce -99.2% | 0.00% | −0.12 |
| MELI MercadoLibre Inc. | Sold out | 0.00% | −0.12 |
| AJG Arthur J Gallagher & Co. | Reduce -1.8% | 0.52% | −0.11 |
| FICO Fair Isaac Corp. | Reduce -95.7% | 0.00% | −0.11 |
| LIN Linde PLC | Reduce -3.5% | 0.55% | −0.10 |
| CPRX Catalyst Pharmaceuticals Inc. | Reduce -0.3% | 0.31% | −0.08 |
| XOM Exxon Mobil Corp. | Reduce -1.1% | 0.71% | −0.08 |
| CSX CSX Corp. | Reduce -2.1% | 0.96% | −0.08 |
| WMT Walmart Inc. | Reduce -3.1% | 0.56% | −0.07 |
| NI Nisource Inc. | Reduce -1.0% | 0.84% | −0.07 |
| SCHZ Schwab US Aggregate Bond ETF | Reduce -1.8% | 0.42% | −0.07 |
| JMST JPM Ultra-Short Muni Income | Reduce -12.1% | 0.19% | −0.06 |
| CAG Conagra Brands Inc. | Reduce -98.2% | 0.00% | −0.06 |
| VOO Vanguard S&P 500 ETF | Reduce -2.4% | 0.56% | −0.05 |
| MWA Mueller Water Products Inc. Class A | Reduce -1.9% | 0.49% | −0.05 |
| XLV SS Health Care Select Sector | Reduce -2.4% | 0.36% | −0.05 |
| XLK SS Technology Select Sector | Reduce -6.3% | 0.46% | −0.05 |
| RTX RTX Corp. | Reduce -2.3% | 1.49% | −0.05 |
| TJX TJX Companies Inc. | Reduce -7.3% | 0.70% | −0.04 |
| VIGI Vanguard Int Div App Indx FD | Reduce -0.9% | 0.24% | −0.04 |
| HD Home Depot Inc. | Reduce -2.6% | 0.57% | −0.04 |
| XLF SS Financial Select Sector | Reduce -0.5% | 0.33% | −0.04 |
| VEEV Veeva Systems Inc. Class A | Sold out | 0.00% | −0.04 |
| XLP SS Consumer Staples Sel Sect | Reduce -11.0% | 0.12% | −0.04 |
| GLDD Great Lakes Dredge & Dock Co. | Reduce -0.9% | 0.21% | −0.04 |
| CSCO Cisco Systems Inc. | Reduce -11.8% | 0.11% | −0.04 |
| SONY Sony Group Corp. - SP ADR | Reduce -0.2% | 0.80% | −0.04 |
| XLB SS Materials Select Sector | Reduce -27.2% | 0.06% | −0.03 |
| XLI SS Industrial Select Sector | Reduce -2.5% | 0.26% | −0.03 |
| META Meta Platforms Inc. Class A | Reduce -5.3% | 0.15% | −0.03 |
| KHC The Kraft Heinz Co. | Reduce -100.0% | 0.00% | −0.03 |
| NSC Norfolk Southern Corp. | Reduce -4.4% | 0.84% | −0.02 |
| BSX Boston Scientific Corp. | Reduce -5.8% | 0.07% | −0.02 |
| RSG Republic Services Inc. | Reduce -2.6% | 0.08% | −0.02 |
| SUSL iShares ESG MSCI USA Leaders | Reduce -0.0% | 0.32% | −0.02 |
| SCHG Schwab US Large-Cap Growth | Reduce -1.1% | 0.32% | −0.02 |
| VWO Vanguard Ftse Emerging Marke | Reduce -4.1% | 0.22% | −0.02 |
| AGCO Agco Corp. | Reduce -0.4% | 0.18% | −0.02 |
| CVX Chevron Corp. | Reduce -0.5% | 0.30% | −0.02 |
Portfolio Buys Q2 2025 → Q3 2025
| IVV iShares Core S&P 500 ETF | Add +283.3% | 2.32% | +1.67 |
| EWJ iShares MSCI Japan ETF | New | 0.55% | +0.55 |
| FXI iShares China Large-Cap ETF | New | 0.47% | +0.47 |
| IWM iShares Russell 2000 ETF | Add +1947.6% | 0.36% | +0.34 |
| FCX Freeport-McMoran Inc. | Add +92354.9% | 0.29% | +0.29 |
| MRVL Marvell Technology Inc. | Add +37.4% | 1.20% | +0.27 |
| AMRZ Amrize Ltd. | Add +103.9% | 0.63% | +0.27 |
| NFLX Netflix Inc. | Add +274.3% | 0.40% | +0.26 |
| IWR iShares Russell Mid-Cap ETF | New | 0.25% | +0.25 |
| HON Honeywell International Inc. | Add +461.6% | 0.30% | +0.23 |
| CRM Salesforce Inc. | Add +2675.1% | 0.23% | +0.22 |
| TXRH Texas Roadhouse Inc. | Add +111.1% | 0.48% | +0.18 |
| IEFA iShares Core MSCI Eafe ETF | Add +1227.9% | 0.20% | +0.18 |
| APH Amphenol Corp. Class A | Add +6.8% | 1.19% | +0.17 |
| IBM Intl Business Machines Corp. | Add +806.3% | 0.17% | +0.15 |
| AAPL Apple Inc. | Add +0.1% | 2.11% | +0.15 |
| DIS The Walt Disney Co. | Add +49.5% | 0.80% | +0.13 |
| AMD Advanced Micro Devices | Add +6161.7% | 0.13% | +0.12 |
| ETN Eaton Corp. PLC | Add +885.8% | 0.13% | +0.11 |
| QCOM Qualcomm Inc. | Add +10948.4% | 0.11% | +0.11 |
| ITA iShares U.S. Aerospace & Def | New | 0.11% | +0.11 |
| GE General Electric | Add +1633.6% | 0.12% | +0.11 |
| ANET Arista Networks Inc. | Add +187.5% | 0.16% | +0.11 |
| SHV iShares 0-1 Year Treasury Bo | Add +37.0% | 0.62% | +0.10 |
| IAU iShares Gold Trust | Add +2.2% | 2.69% | +0.09 |
| EQIX Equinix Inc. | Add +3900.0% | 0.09% | +0.08 |
| IGF iShares Global Infrastructur | New | 0.08% | +0.08 |
| AGG iShares Core U.S. Aggregate | Add +145.4% | 0.14% | +0.08 |
| SFM Sprouts Farmers Market Inc. | New | 0.07% | +0.07 |
| VNQ Vanguard Real Estate ETF | Add +121.4% | 0.13% | +0.06 |
| ASML ASML Holding NV-NY Reg SHS | Add +13.2% | 0.36% | +0.06 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.1% | 0.74% | +0.06 |
| IQLT iShares MSCI International Q | Add +23.1% | 0.57% | +0.05 |
| SPSB SS SPDR P St C Corp. ETF | Add +118.5% | 0.10% | +0.05 |
| CRH CRH PLC | Add +0.2% | 0.39% | +0.05 |
| LVHI Franklin International Low V | Add +16.2% | 0.61% | +0.04 |
| PSKY Paramount Skydance Class B | New | 0.04% | +0.04 |
| XLC SS Comm Select Sector SPDR | Add +24.4% | 0.25% | +0.04 |
| DFAS Dimensional US Small Cap ETF | Add +206.0% | 0.04% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | Add +81.5% | 0.06% | +0.02 |
| CNC Centene Corp. | New | 0.02% | +0.02 |
| RYN Rayonier Inc. | Add +7.5% | 0.20% | +0.02 |
| RSPT Invesco S&P 500 Equal Weight | Add +13.4% | 0.29% | +0.02 |
| DFLV Dim US Large Cap Value ETF | Add +14.1% | 0.41% | +0.02 |
| AVSU Avantis Resp US Equity ETF | Add +27.3% | 0.12% | +0.02 |
| LEGH Legacy Housing Corp. | Add +2.8% | 0.25% | +0.02 |
| BP BP PLC-Spons ADR | Add +28.6% | 0.07% | +0.01 |
| UGI Ugi Corp. | New | 0.01% | +0.01 |
| CNM Core & Main Inc. Class A | Add +457.5% | 0.02% | +0.01 |
| FBND Fidelity Total Bond ETF | Add +97.4% | 0.03% | +0.01 |
Options Activity Q2 2025 → Q3 2025
| AJG Arthur J Gallagher & Co. | put | New | 5,100 | $1.6M |
| NVDA Nvidia Corp. | put | New | 3,000 | $560K |
| ISRG Intuitive Surgical Inc. | put | New | 800 | $358K |
| WBD Warner Bros Discovery Inc. | call | New | 3,700 | $72K |
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 763 | $1.1B | VTI, NVDA, IAU, IVV, NEM |
| Q1 2026 | 744 | $1.1B | VTI, IAU, NVDA, NEM, IVV |
| Q4 2025 | 713 | $1.0B | VTI, NVDA, IAU, IVV, MSFT |
| Q3 2025 | 698 | $1.0B | VTI, NVDA, MSFT, IAU, IVV |
| Q2 2025 | 669 | $893.9M | VTI, MSFT, NVDA, IAU, AAPL |
| Q1 2025 | 673 | $821.8M | VTI, MSFT, IAU, AAPL, NVDA |
| Q4 2024 | 671 | $855.3M | VTI, MSFT, NVDA, AAPL, SPY |
| Q3 2024 | 638 | $860.5M | SPY, MSFT, VTI, AAPL, NVDA |
| Q2 2024 | 616 | $789.2M | SPY, MSFT, VTI, NVDA, AAPL |
| Q1 2024 | 659 | $755.9M | SPY, MSFT, VTI, AAPL, NVDA |